The Carlyle Group Secures $61.9 Million Refinance Loan From Invesco Ltd For Multifamily Asset
22-22 Jackson Avenue
$61,897,000
$445/SF
Building Size
138,973 SF
Asset Type
MultiFamily
Closing
Dec 9, 2024
AI
The property asset involved in this transaction is a multifamily building located at 22-22 Jackson Avenue in Long Island City, featuring a total square footage of 138,973 and comprising 175 residential units. The transaction was facilitated through a refinance loan amounting to $61,897,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $61,897,000
- Address: 22-22 Jackson Avenue
- Market: Long Island City
- Lender: Invesco Ltd
- Landlord: The Carlyle Group
- Brokers: Geoff Goldstein, Steven Klein, Jeffrey Julien & Rob Hinckley - JLL
- Loan Type: Refinance
The deal involves notable individuals from JLL, including Geoff Goldstein, Steven Klein, Jeffrey Julien, and Rob Hinckley, who represented the interests of The Carlyle Group as the landlord in this refinancing transaction.
Players
Long Island City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93